TY - CHAP
T1 - The interplay of technology entrepreneurs and regulation in a new industry
T2 - the case of the drone industry
AU - Giones, Ferran
AU - Gurses, Kerem
AU - Brem, Alexander
PY - 2019/9
Y1 - 2019/9
N2 - Technological innovations open opportunities for new entrants (techno-entrepreneurs) to transform and recreate industries, as they come as so called “innovation shocks”. These shocks can change technology trajectories and make irrelevant existing regulatory frameworks. It is unclear, however, what is the interplay between technology evolution, entrepreneurship, and regulation.We explore the case of the drone industry emergence to extract insights on how different profiles of new entrants respond to distinct regulatory frameworks, aiming to decipher the effect that those have on the exploration and development of new tech-based innovation opportunities.Our findings suggest that more attention should be given to the impact that regulatory responses can have on the short and long term development of emerging technological fields. We propose a process framework to make sense of the possible outcomes of distinct regulatory responses, elaborating on the consequences it has on entrepreneurial activity and overall market growth.
AB - Technological innovations open opportunities for new entrants (techno-entrepreneurs) to transform and recreate industries, as they come as so called “innovation shocks”. These shocks can change technology trajectories and make irrelevant existing regulatory frameworks. It is unclear, however, what is the interplay between technology evolution, entrepreneurship, and regulation.We explore the case of the drone industry emergence to extract insights on how different profiles of new entrants respond to distinct regulatory frameworks, aiming to decipher the effect that those have on the exploration and development of new tech-based innovation opportunities.Our findings suggest that more attention should be given to the impact that regulatory responses can have on the short and long term development of emerging technological fields. We propose a process framework to make sense of the possible outcomes of distinct regulatory responses, elaborating on the consequences it has on entrepreneurial activity and overall market growth.
KW - industry emergence
KW - Technology Entrepreneurship
KW - Drones
KW - Regulation
UR - https://www.e-elgar.com/shop/handbook-of-research-on-techno-entrepreneurship-third-edition
U2 - 10.4337/9781786439079.00012
DO - 10.4337/9781786439079.00012
M3 - Book chapter
SN - 9781786439062
SP - 73
EP - 91
BT - Handbook of research on techno-entrepreneurship, third edition
A2 - Therin, Francois
A2 - Appio, Francesco Paolo
A2 - Yoon, Hyungseok
PB - Edward Elgar Publishing
CY - Cheltenham, UK
ER -